Mon
Mar 10 2025
11:05 pm
Former Consumer Financial Protection Bureau Director Rohit Chopra speaks out about Elon Musk and DOGE accessing Americans' financial data and explains why he believes Musk is gutting the agency.
Fired CFPB chief says Musk may have another goal for gutting the agency
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Are you really trying to
Are you really trying to depress me?!?!?
Musk, others want to use the CFPB data to train their AI?
I wish the media would transcribe the news. Watching videos takes so much more time than reading the text.
A transcribed portion of the video:
--------------------
"Elon Musk, Twitter, July 24, 2023, re changing the name of Twitter to X...
we will add comprehensive communications and the ability to conduct your entire financial world...
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"The CFPB is responsible for monitoring the tech companies (and all other companies) for how they are moving our money to protect against privacy errors and fraud.And if they can creep in there and look even at their competitors, that could be an edge for them.
They are talking about the tech companies pricing items we want to purchase based on our past activities.
Some will pay more.
DOGE focusing on mortgage and loan data? How can Musk benefit?
A broader effort to create currency outside of oversight when it comes to fraud, privacy, and more.
The Senate right now is thinking about letting those tech companies create their own currencies.
And that just raises real questions about power, oversight.
And could it actually lead to a risk to our financial system?"